Chinese banks鈥 custodial assets surge 54.7%
Print Edition
TOTAL custodial assets of China’s banking industry surged last year as banks seek to expand the business and maintain profitability amid market-oriented interest rate reform.
At the end of 2014, the industry’s custodial assets stood at 54.12 trillion yuan (US$8.7 trillion), an increase of 54.7 percent from a year earlier, according to data released by the China Banking Association yesterday.
Asset custody business has thrived in China over the past few years, with the growth of banks’ custodial assets surging over 50 percent for three straight years, the association said in a report.
Chinese banks are developing intermediary businesses, such as asset custody services, to make a profit, rather than relying heavily on net interest margin, which is shrinking as interest rates are increasingly liberalized.
Banks’ asset custody services include capital settlement, asset safekeeping and wealth management.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
